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{
    "id": 846713,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/846713/?format=api",
    "text_counter": 240,
    "type": "speech",
    "speaker_name": "Kiharu, JP",
    "speaker_title": "Hon. Ndindi Nyoro",
    "speaker": {
        "id": 13370,
        "legal_name": "Samson Ndindi Nyoro",
        "slug": "samson-ndindi-nyoro"
    },
    "content": "The amendment proposed in the Finance Bill, in so far as the proceeds of Crime and Anti- Money Laundering Law is concerned, is good. This is so that we continue tightening the ropes and the nuts in so far as fighting corruption is concerned; especially on money that is passing through our financial institutions. Money is just one of the assets that are used as proceeds of corruption. It is only money as a liquid asset that passes through our commercial banks. We need to extend this net because most of the people who benefit from money laundering and corruption never put their money in the banks. We need to tighten the rules by even doing assets audit. Some of these tall buildings in Nairobi and in the places we live are owned by junior officers within the Government departments and it never moves through any financial institution. After we are done with lifestyle audit, it is time we go to the assets audit so that we know who owns what in this country, so that even as we try to tighten within the banking sector, we also tighten in the other sectors."
}